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Litecoin (LTC) on the edge of mass adoption, the best time to invest

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Litecoin LTC

Everybody in the cryptosphere is wondering which banks in the world are going to adopt a cryptocurrency for internal purposes (Stellar Lumens and Ripple’s XRP being the leading candidates) or which cryptocurrency will be chosen by banks as a viable option for clients and investors.

In this regard, everybody is thinking about Bitcoin, Ethereum and the top 7-10 big players in general. This trend of thinking only brings to the surface how unimaginative speculators are because nobody is thinking out of the box. What we mean is this: why is nobody wondering about which cryptocurrency project will buy its bank and disrupt both the financial and the crypto world?

Well, Charlie Lee, founder of Litecoin is thinking just that. Not just thinking. Mr. Lee used his Twitter account just a couple of days ago to announce that he is teaming up with TokenPay to buy a significant stake in Germany’s WEG bank. The idea behind this move is for Litecoin to get closer to terminal users, consumers, and give them an easy-to-use, and cheap way to get involved in Litecoins in real-life.

It’s a most exciting move. It’s creative, out-of-the-box, very ambitious and very intelligent. I’ve stated time and again that the most successful digital assets won’t necessarily be the ones with the best technology, the higher short-term price increases or any other of the usual parameters in which we measure a coin’s performance.

The cryptocurrencies that will take the market over will be those that find a way to be adopted in mass by solving real-life problems for real-life people. That is why projects like Stellar, Ripple or Tron have created so much interest despite the fact they’ve not been around for so long, and they’ve experienced bearish runs at times.

These are projects with a purpose. Stellar and Ripple aim to take over the international transfer market, while Tron wants to make the whole web decentralized by blockchain technology. And now, Litecoin seeks to become an everyday currency that you can use even without a computer, or without a digital wallet. Imagine you could apply for a Litecoin credit card or debit card and buy your cigarettes or visit Starbucks and pay it with Litecoin through your card.

This kind of development would give Litecoin (LTC) access to users with no digital expertise that doesn’t understand blockchain technology or the idea behind cryptocurrencies. It would connect a digital asset with average people in a way in which almost every current coin is very far away from achieving or even imagining. Of course, this kind of market penetration would give Litecoin a significant competitive advantage.

It would create the type of demand that doesn’t come from speculative forces but sheer everyday use by average people. End users won’t need to understand any technical concepts, they will see their transfer fees reduced dramatically, and they’ll love that for sure.

Litecoin (LTC) is all set to hit the moon

Let’s understand this clearly: so far the vast majority of crypto enthusiasts and investors are engineers, scientists, and IT people. If Litecon gets its way with this, then you could have construction workers, janitors and all kinds of people joining the cryptosphere, whether they know or understand it, or not. That would be nothing short of revolutionary.
This news alone makes the present a fascinating time to get a piece of the Litecoin action, but that’s not all.

Next August the mining difficulty for Litecoin will increase. It will change the game. Higher mining difficulty makes every block in the chain harder to calculate and thus the token production decreases. If this decrease in supply coincides with a boost in demand due to Litecoin’s real-life applications then it’s all Economics 101: the LTC price will skyrocket.

Then, on September, there’s the Litecoin global summit. As the event nears in time, hype and rumors about possible announcements will also boost its value. And who knows? There could be some significant announcements at that summit so we should all pay close attention.

So, in a nutshell: Litecoin (LTC) is developing the potential to become the first cryptocurrency that can be used by any non-technical average person anywhere in the world as a local currency that makes their lives easier, quicker, cheaper safer.

If the bank deal goes through then, Litecoin will become one of the most undervalued assets in the crypto markets, and it will rise steadily until it finds its correct balance point which could be as high as 1000 USD. Are you among those who had not taken Litecoin seriously so far? You should reconsider now. Are you among those who wanted to get into Litecoin but were somewhat undecided? Just dive in, this is the time to build your Litecoin (LTC) portfolio. Hurry up.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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